In May this year, Turkey’s cold rolled coil (CRC) imports amounted to 88,980 metric tons, up by 45.5 percent compared to April and down by 1.9 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $69.86 million, increasing by 50.5 percent compared to the previous month and decreasing by 6.0 percent year on year.
In the January-May period, Turkey's CRC imports amounted to 306,506 mt, down 14.4 percent, while the value of these imports fell by 14.0 percent to $239.36 million, both year on year.
In the given period, Turkey’s largest CRC import source was South Korea, which supplied 83,596 mt. South Korea was followed by Russia with 70,412 mt and China with 56,514 mt.
Turkey’s top 10 CRC import sources in the January-May period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2023 |
January-May 2024 |
Y-o-y change (%) |
May 2023 |
May 2024 |
Y-o-y change (%) |
South Korea |
160,634 |
83,596 |
-48.0 |
40,028 |
16,215 |
-59.5 |
Russia |
90,460 |
70,412 |
-22.2 |
17,226 |
20,435 |
18.6 |
China |
31,169 |
56,514 |
81.3 |
14,383 |
28,837 |
100.5 |
Spain |
16,666 |
25,968 |
55.8 |
2,867 |
7,287 |
154.2 |
France |
8,608 |
14,677 |
70.5 |
3,679 |
3,907 |
6.2 |
Belgium |
15,985 |
14,607 |
-8.6 |
4,734 |
3,138 |
-33.7 |
Netherlands |
9,318 |
14,531 |
55.9 |
1,311 |
3,735 |
184.9 |
Egypt |
7,086 |
6,992 |
-1.3 |
3,444 |
1,115 |
-67.6 |
Austria |
2,468 |
4,292 |
73.9 |
271 |
464 |
71.2 |
United Kingdom |
2,125 |
3,718 |
75.0 |
359 |
718 |
100.0 |
Turkey’s main CRC import sources on country basis in the January-May period this year are presented below:
